News

New York State is moving towards giving insurance agents and brokers the ability to use Internet banks for premium trust accounts.

President Obama hopes to get his health care reform bill through the House by March 18, advisors said, but the president's press secretary said getting the bill through the Senate using the budget reconciliation process will take longer.

The captive insurance market in Missouri has seen explosive growth in the past year, with annual premium for captives reaching more than $1 billion for 2009--up from $123 million in 2008, according to the Department of Insurance.

Guidance from the Federal Emergency Management Agency regarding the lapse in the National Flood Insurance Program on Monday and Tuesday was revised late yesterday by the agency.

American International Group, Inc. said today it intends to sell in a public offering the remaining 9,192,662 shares of common stock of Transatlantic Holdings, Inc. owned by American Home Assurance Company, an AIG subsidiary.

Healthcare reform, taxes and insurance regulations topped the list of issues during the first six months of the fiscal year for the Independent Insurance Agents & Brokers of America, the association's chairman said here today.